Germany's largest residential landlord Vonovia will reduce heating for tenants in many of its apartments at night, as Europe's biggest economy braces for a possible gas crunch with falling Russian fossil fuel imports.
The new headquarters of German real estate company Vonovia is pictured in Bochum, Germany, April 24, 2018. REUTERS/Wolfgang Rattaywill reduce heating for tenants in many of its apartments at night, as Europe's biggest economy braces for a possible gas crunch with falling Russian fossil fuel imports.
Tenants will be able to use their heating as usual during the day and in the evening hours, and the rationing will not affect hot water supply.The reduced heating schedule will be rolled out gradually over the coming months and will be fully in place by the start of autumn.Tenants pay a fixed monthly amount for heating based on an annual estimate.
Vonovia, which has 55% of its heating system supplied by gas, said it was informing tenants that high energy prices will lead to increased additional payments in the foreseeable future.
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